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This property looks like a bad Mid-Term investment with a projected -1.63% first-year return on $142k initial cash invested.
-1.63%
Cash On Cash
6.15%
Cap Rate
1.01
DSCR
$5,308
Rent
-$192
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$5,308 income − $5,500 expenses = $192 out of pocket
Investment Breakdown
|
Purchase Price
$588k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$118k
Closing costs
1%
$5,884
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,308
Total Expenses
$5,500
Mortgage P&I
56%
$2,997
Property Taxes
9%
$494
Home Insurance
4%
$205
HOA
0%
$0
Property Management
12%
$637
CapEx
4%
$212
Vacancy
3%
$159
Maintenance
4%
$212
Other
11%
$584